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Sri Lanka’s rupee move positive for IT BPO industry: official
Sep 17, 2015 (LBO) – Sri Lanka’s IT BPO sector, a thriving industry which targets a five billion dollar export revenue in 2022, is benefiting from the current rupee depreciation in the island. “When there is a rupee depreciation here other countries will see Sri Lanka as a low cost destination,” Jeevan Gnanam, director operations […]
Sri Lanka assures consultation with OHCHR and intl organizations
Sep 16, 2015 (LBO) – Sri Lanka’s Foreign Ministry in a letter has assured the UN Human Rights Commissioner the non recurrence of rights violations and consultations with international organizations.Complimenting UN Human Rights Commissioner for conveying an advanced copy of the OHCHR report a few days ago, the foreign ministry said it was encouraged by the […]
Sri Lanka’s BOC to issue Debenture
Sep 16, 2015 (LBO) – Sri Lanka Bank of Ceylon 50,000,000 unsecured, subordinated redeemable at an issue price of 100 rupees, the company said in a stock exchange filling. The filing said that the Colombo stock exchange has approved in principal an application for listing the debt securities of the company. The company said it […]
Sri Lanka’s Dialog increases stake in wow.lk
Sep 16, 2015 (LBO) – Sri Lanka’s Dialog Axiata has increased its stake from 46 percent to one hundred percent in e-commerce website, wow.lk, brokers said. “Dialog Axiata have increased its shareholding in Digital Commerce Lanka (Pvt) Ltd from 46 percent to 100 percent, through its subsidiary, Digital Holdings Lanka (Pvt) Ltd.,” Lanka Securities said. […]
Sri Lanka Treasury bill yields flat
Sep 16, 2015 (LBO) – Sri Lanka’s treasury bill yields were flat at Wednesday’s auction, data from the state debt office showed.The 3-month yield was flat 6.79 percent with bids amounting to 17.5 billion rupees being received and it was decided to accept 5.0 billion rupees from the auction. The 12-month yield was also flat 7.17 […]
Sri Lanka stocks close down 0.2-pct; Banking and finance losses following CB directive
Sep 16, 2015 (LBO) – Sri Lankan stocks closed down 0.21 percent on Wednesday with losses in the banking and finance stocks following a Central Bank directive to banks to reduce loan ratio on motor vehicles, brokers said. The Colombo benchmark All Share Price Index closed down 15.03 points at 7,137.40 lower 0.21 percent. S&P […]
Sri Lanka needs hybrid special court to probe grave HR violations: UN Rights Chief
Sep 16, 2015 (LBO) – A UN report published today has identified patterns of grave violations in Sri Lanka between 2002 and 2011, strongly indicating that war crimes and crimes against humanity were most likely committed by both sides in the conflict. The report recommends the establishment of a hybrid special court, integrating international judges, prosecutors, […]
Sri Lanka aims for wind power farm in Mannar
Sept 16, 2015 (LBO) – Sri Lanka’s Ceylon Electricity Board envisages installation of 375 megawatts in a wind power in Mannar between 2018 and 2025 as part of a drive to increase power generation from non-conventional renewable energy (NCRE) sources.After the first commercial wind power plants established in 2010, total capacity from wind power increased […]
Sri Lanka economy grew 6.7-pct in Q2 2015
Sep 16, 2015 (LBO) – Sri Lanka’s economy has grown 6.7 percent in the second quarter of 2015 against the 6.4 percent growth rate recorded in the first quarter, the statistics department said.Agriculture sub sector has grown by 5 percent, industry by 2 percent and services by 7.9 percent, the department said. After a re-basing […]
CEB announces new off peak tariff to charge electric vehicles
Sep 16, 2015 (LBO) – Sri Lanka’s Ceylon Electricity Board (CEB) is offering off peak power at 13.00 rupees a unit to charge electric cars at home, a statement said. “In order to facilitate electric vehicle charging, a low off peak tariff of Rs 13 per unit kWh has been offered for seven hours starting […]